Original article: Loan Status

Loans with all statuses are displayed on Customers Workplace

Loan statuses change according to Loan Status Flow.

Status ID	Status name (system)	Status name (displayed)	Description	Workplaces where loans with this status are shown	Final Status	Comment
0	PreOrigination	-	Loan is created	-
1	Origination	Origination	Not all required customer details are gathered.	Origination
2	Reprocessing	Reprocessing	A loan was returned for reprocessing by the Underwriter	Origination
3	AutoProcessing	Auto Processing	The system is currently processing the loan (requesting Credit Bureau, checking Business Rules and Scorecard)	-
4	WaitingForApproval	Waiting For Approval	A final decision cannot be made automatically and should be made by the Underwriter	Underwriting
5	Approved	Approved	A final decision (system or manual) was to approve the loan.	Underwriting Servicing
6	Rejected	Rejected	The final decision (system or manual) was to reject the loan.	Underwriting Archive
7	Active	Active	The loan is disbursed to the customer.	Servicing Collateral (if collateral needs to be re-valuated)
8	PastDue	Past Due	There is a past-due debt for this loan.	Servicing Collection Collateral (if collateral needs to be re-valuated)
9	Closed_Repaid	Repaid	The loan is fully repaid and closed.	Archive	+
10	Closed_WrittenOff	Written off	The loan was written-off by the system or manually and closed.	Archive	+
11	RolloverRequested	Rollover Requested	The customer requested to roll over the loan.	Servicing Collateral (if collateral needs to be re-valuated)		not applicable starting from version 7.0
12	Collateral	Collateral	The loan's collateral needs to be added, evaluated, and approved	Collateral
13	DisbursementFailed	Disbursement Failed	Disbursement of the loan via a payment system is finished unsuccessfully.	Servicing
14	DisbursementInProgress	Disbursement in Progress	Disbursement of the loan via a payment system is currently processing.	Servicing
15	Closed_Restructured	Restructured	The loan is restructured and closed.	Archive	+	not applicable starting from version 7.0
16	P2P_GatheringInvestments	Gathering Investments	Not all required loan amount is funded	Servicing
17	OfferConfirmation	TO DO
18	WaitingForCustomerSignature	Signing	The loan agreement is sent to the customer for signing	Underwriting
19	Closed_AgreementDeclined	Agreement Declined	The borrower declined the loan agreement	Archive	+
20	Closed_AgreementExpired	Agreement Expired	The borrower didn't make a decision about the loan agreement during the Expiry Period Days	Archive	+
21	Closed_DeletedCustomer	-	The loan is closed because the customer has been deleted.	-	+
22	Closed_Canceled	Canceled	The loan is canceled and closed.	Archive	+
23	WaitingForDownPayment	Waiting For Down payment	The loan is waiting for a Down payment.	Underwriting, Servicing
24	RiskEvaluation	Risk Evaluation	The application is under review of the risk manager.	Risk Evaluation
100	BankAccount_Verification	Bank Account Verification	The loan agreement is waiting for bank verification	Underwriting
101	Closed_BankAccount_Verification_Expired	Bank Account Verification Expired	The Bank Account Verification period has expired. Loan closed	Archive	+
102	BankAccount_Pending_Verification	BankAccount_Pending_Verification	The Bank account is not yet verified	Risk Evaluation
103	BankAccount_Waiting_RemoteService	BankAccount_Waiting_RemoteService	Waiting for response from the remote bank provider service	Risk Evaluation
200	InitialPayments_PreApproval	PendingInitialPayments	A client is expecting the very first loan delivery	Underwriting
201	InitialPayments_PreDisbursement	PendingInitialPayments	A client is expecting the very first loan delivery	Underwriting
250	Closed_InitialPaymentsExpired	Closed_InitialPaymentsExpired	When a loan delivery date is due	Underwriting
301	Closed_OfferDeclined	Closed_OfferDeclined	When a borrower declines the offer	Archive
302	Closed_OfferExpired	Closed_OfferExpired	When a borrower has not replied to the offer in a given time period	Archive

Further reading

See also

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